SOCIAL CAPITALISM: For Historical Understanding Of Climate Change Economics

Social Capitalism is not the same as Social Democracy. The Social of Social Democracy connotes as being complementary to Free Enterprise. Social Capitalism here connotes an entanglement of social aspects of capitalism for world peace and prosperity. One social aspect is law and order to manage and protect economic wealth; another is to assist free enterprise with such public access as roads and education ; another is to complement free enterprise with such entitlements as parks and social security; another is to compete against free enterprise in favor of environmental concerns. As with the latter, there is economic wealth and social wealth, Air has little or no economic value inasmuch as its abundance allows it to be free to breathe. It even has negative economic value if companies are required to clean up their pollution of it. Regarding climate change whereby solutions interfere with free enterprise, they are here proposed in a way they promote both economic and social wealth.